Martha Stewart Acquires Upper West Side Condo For $12.3M
$12,300,000
$2,673/SF
Building Size
4,600 SF
Asset Type
Condo
Closing
Apr 25, 2024
About this deal
AI
The property involved in the transaction is a Condo located in the Upper West Side market. The sale price of the Condo was $12,300,000, with a size of 4,600 square feet. The price per square foot was $2,674. Martha Stewart has purchased this duplex at the Belnord, a full-block redevelopment project, trading her West Village triplex.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $12,300,000
- Buyer: Martha Stewart
- Buyer's Representative: Richard Ziegelasch - The Corcoran Group
- Seller's Representative: Maya Kadouri - Douglas Elliman
- Market: Upper West Side
Martha Stewart, a well-known personality, along with her daughter, Alexis, was involved in this real estate transaction. Richard Ziegelasch from The Corcoran Group represented Martha Stewart as the buyer, while Maya Kadouri from Douglas Elliman represented the seller. This transaction marks a change for Martha Stewart, moving from her West Village triplex to a new duplex in the Upper West Side.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.7K per square foot on a published $12.3M for 4,600 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93